ILLMAS Posted March 16, 2010 Report Posted March 16, 2010 I have TP that is an attorney he settled a case for his client and he recieved a 1099 MISC, box 14 has the amount. How do I report this amount, somehow it's not following to schedule C, from the settlement he recieved, he paid out almost half to his client. I searched the IRS, but there is no real explanation on how to report. Thanks MAS Quote
OldJack Posted March 18, 2010 Report Posted March 18, 2010 On the ATX 1099MISC input form you select from a drop down tab for the amount to flow to Sch-C. Quote
joelgilb Posted March 18, 2010 Report Posted March 18, 2010 and remember, you will need to report the entire 1099 to him and then show the client paid portion separately as an expense Quote
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